KNAX-Taschengeld-App

The KNAX pocket money app helps parents organize their children's pocket money, encourages saving, and is great fun.

Here's how it works:

- After installing the app, you create a virtual account for your child.

- Then you determine the payment frequency, the day of the week, and the amount of pocket money. You can also create accounts for multiple children; there is no limit to the number.

- A real account at a savings bank or bank is not required.

- On payday, the pocket money is virtually credited to your child's pocket money account according to your settings.

- You are the bank or savings bank; your child makes deposits and withdrawals in the app together with you and can withdraw their pocket money or deposit available funds into your account.

- The same account can be used on one or more smartphones or tablets.

- The parent/guardian PIN protects against unauthorized deposits or withdrawals and access to siblings' accounts.

Benefits for the whole family

- Payday will no longer be forgotten, and pocket money won't be double-paid.

Children learn about virtual money and understand the concept of deposits and withdrawals.

- Personal wishes can be set as savings goals. This helps children learn to appreciate the value of things and save up for purchases.

- If needed, you can grant your child a "pocket money loan." This feature is optional and can be configured by you.

- The children's section in the app offers a safe, digital environment with educational content.

- Your child doesn't need their own smartphone.

- When you're out and about as a family, your child can use the KNAX Pocket Money App to access their account balance and, if necessary, withdraw money.

- The pocket money guide provides valuable information and helpful tips.

- Educational games and age-appropriate explanatory videos about money round out the KNAX Pocket Money App for your child. This content can be optionally deactivated.

- You can store your child's KNAX ID card so that you always have it readily available.